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New Deal


Announced

Audax-backed Aspen Surgical to acquire Precept Medical Products.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Pending

medical products

Majority

Private Equity

Medical Equipment

Acquisition

United States

Single Bidder

Synopsis

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Audax-backed Aspen Surgical, a worldwide manufacturer of disposable surgical products, agreed to acquire Precept Medical Products, a manufacturer of medical products. Financial terms were not disclosed. "The Precept acquisition is a wonderful synergistic fit for Aspen, but it also enhances our portfolio with products that are critical for the health and safety of healthcare professionals. We feel strongly in the quality of Precept's North American-manufactured PPE products, and we look forward to carrying on their mission to help fight preventable infections now at this critical time of pandemic and beyond," Jason Krieser, Aspen CEO.

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